Bitdeer Technologies Group (NASDAQ:BTDR) Given Buy Rating at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Bitdeer Technologies Group (NASDAQ:BTDR - Free Report) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $14.00 target price on the stock.

BTDR has been the subject of several other reports. Northland Securities upped their price target on Bitdeer Technologies Group from $13.00 to $14.00 and gave the stock an "outperform" rating in a research note on Tuesday. Alliance Global Partners assumed coverage on shares of Bitdeer Technologies Group in a report on Tuesday, October 8th. They issued a "buy" rating and a $14.00 price target on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $9.00 price objective on shares of Bitdeer Technologies Group in a research note on Tuesday, October 8th. B. Riley reduced their target price on shares of Bitdeer Technologies Group from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, October 11th. Finally, HC Wainwright raised their price objective on Bitdeer Technologies Group from $17.00 to $18.00 and gave the company a "buy" rating in a research report on Tuesday. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Bitdeer Technologies Group currently has an average rating of "Buy" and a consensus target price of $14.80.

Bitdeer Technologies Group Trading Down 2.6 %

Shares of BTDR traded down $0.31 during mid-day trading on Tuesday, reaching $11.54. The company had a trading volume of 4,099,104 shares, compared to its average volume of 2,258,106. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -60.42 and a beta of 1.92. The firm has a fifty day simple moving average of $8.04 and a 200-day simple moving average of $8.02. Bitdeer Technologies Group has a fifty-two week low of $3.91 and a fifty-two week high of $14.27.

Hedge Funds Weigh In On Bitdeer Technologies Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth about $66,000. Centiva Capital LP bought a new position in shares of Bitdeer Technologies Group in the 3rd quarter worth about $91,000. Barclays PLC acquired a new position in shares of Bitdeer Technologies Group in the 3rd quarter valued at about $161,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Bitdeer Technologies Group during the 3rd quarter valued at about $169,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Bitdeer Technologies Group in the 3rd quarter worth approximately $220,000. 22.25% of the stock is currently owned by hedge funds and other institutional investors.

About Bitdeer Technologies Group

Bitdeer Technologies Group operates as a technology company for blockchain and computing. It offers hash rate sharing solutions, including Cloud hash rate and Hash rate marketplace; and a one-stop mining machine hosting solutions encompassing deployment, maintenance, and management services for efficient cryptocurrency mining; as well as mines cryptocurrencies for its own account.